Analyzing Palmer financial statements

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Reference no: EM131838518

Question: Larry Dundee is the chief executive officer of Palmer Electronics. Dundee is an expert engineer but a novice in accounting. Dundee asks you, as an accounting student, to explain

(a) the bases for comparison in analyzing Palmer's financial statements and

(b) the limitations, if any, in financial statement analysis. Instructions Write a memo to Larry Dundee that explains the basis for comparison and the factors affecting quality of earnings.

Reference no: EM131838518

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